Louis Roberts Blog: New Tesla $35,000 Model 3 Revolutionizes The Market

Tesla continues to revolutionize the auto market. Sit in any of their vehicles, press the accelerator, listen to the lack of engine noise and pollution and you realize, Silicon Valley is changing everything.

The long-awaited $35,000 Model 3 has arrived with a 0-60 time of 5.6 seconds - pretty respectable. Did we mention the gobs of torque thanks to electric motors?

For this $35K you get 220 miles of range which is a deal-breaker for some as well as a top speed of 130 mph.

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For $37k you get a 0-60 of 5.3 seconds, 240 miles of range and a top speed of $37,000. That's a pretty good ROI on an extra $2,000 investment.

The real amazing stuff:

To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online only. You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide. We are also making it much easier to try out and return a Tesla, so that a test drive prior to purchase isn’t needed. You can now return a car within 7 days or 1,000 miles for a full refund. Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free. This last sentence actually came from the company's website!

We think the company is looking to artificially boost its sales numbers. Offering a generous return policy is a great way to do that. Suggesting how to buy one for a weekend road trip is yet another way.

More from the company's site:

Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected. Over the next few months, we will be winding down many of our stores, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centers. The important thing for customers in the United States to understand is that, with online sales, anyone in any state can quickly and easily buy a Tesla.

At the same time, we will be increasing our investment in the Tesla service system, with the goal of same-day, if not same-hour service, and with most service done by us coming to you, rather than you coming to us. Moreover, we guarantee service availability anywhere in any countries in which we operate.

We’re also excited to announce that we’re implementing a number of firmware upgrades for both new and existing customers. These upgrades will increase the range of the Long Range Rear-Wheel Drive Model 3 to 325 miles, increase the top speed of Model 3 Performance to 162 mph, and add an average of approximately 5% peak power to all Model 3 vehicles.

Tags: elon musk, ev, model 3, tesla Related tags: miles range, shifting sales, tesla, model, miles, sales